Scientech Research LLC Buys 10,902 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO)

Scientech Research LLC raised its stake in shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) by 319.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,319 shares of the company’s stock after acquiring an additional 10,902 shares during the quarter. Scientech Research LLC’s holdings in Take-Two Interactive Software were worth $2,226,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pin Oak Investment Advisors Inc. raised its holdings in shares of Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after buying an additional 136 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Take-Two Interactive Software by 5,533.3% in the first quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after buying an additional 166 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of Take-Two Interactive Software by 297.9% in the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after buying an additional 143 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Take-Two Interactive Software by 155.1% in the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock valued at $31,000 after buying an additional 121 shares during the last quarter. Finally, HHM Wealth Advisors LLC bought a new position in shares of Take-Two Interactive Software in the second quarter valued at about $37,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Price Performance

NASDAQ:TTWO opened at $151.69 on Friday. Take-Two Interactive Software, Inc. has a 1-year low of $130.34 and a 1-year high of $171.59. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $151.76 and a 200 day simple moving average of $151.30. The stock has a market capitalization of $26.59 billion, a PE ratio of -6.90, a P/E/G ratio of 4.39 and a beta of 0.86.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.09. Take-Two Interactive Software had a negative net margin of 70.33% and a positive return on equity of 1.74%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts expect that Take-Two Interactive Software, Inc. will post 1.06 EPS for the current fiscal year.

Insider Activity at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now directly owns 64,378 shares of the company’s stock, valued at $9,645,755.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TTWO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Take-Two Interactive Software from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Bank of America reiterated a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. Benchmark increased their price target on shares of Take-Two Interactive Software from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group increased their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, HSBC upgraded shares of Take-Two Interactive Software from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $185.10.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.